(Updates with quote, details)
LJUBLJANA May 16 Slovenia's largest fuel
retailer Petrol made a group net profit of 13 million
euros ($17.8 million) in the first quarter of 2014, up from a
profit of 12.4 million in the same period last year.
Sales fell by 3 percent to 919.4 million, mainly on account
of a mild winter, Petrol said in a statement.
"The result is good considering demanding economic
conditions where Petrol's largest markets, Slovenia and Croatia
... have been for years facing lower economic activity, poor
payment discipline, insolvency and bankruptcies, low private
consumption and high unemployment," Petrol said.
Petrol operates 477 fuel stations in Slovenia, Croatia,
Bosnia, Serbia, Montenegro and Kosovo.
($1 = 0.7291 Euros)
(Reporting By Marja Novak, Editing by William Hardy and Mark